Marsons Ltd
Incorporated in 1976, Marsons Ltd
is engaged in manufacturing of transformers in the capacity range of 100 MVA 132KV class[1]
- Market Cap ₹ 2,767 Cr.
- Current Price ₹ 161
- High / Low ₹ 282 / 115
- Stock P/E 84.9
- Book Value ₹ 8.12
- Dividend Yield 0.00 %
- ROCE 33.8 %
- ROE 36.5 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 487 to 148 days.
Cons
- Stock is trading at 19.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -21.4%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 15m | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 106 | 116 | 103 | 100 | 17 | 0 | 6 | 168 | 207 | |
| 93 | 104 | 90 | 97 | 64 | 20 | 5 | 143 | 177 | |
| Operating Profit | 13 | 11 | 13 | 3 | -47 | -19 | 1 | 25 | 30 |
| OPM % | 12% | 10% | 12% | 3% | -283% | -5,506% | 18% | 15% | 15% |
| -1 | 3 | 1 | 1 | -8 | -1 | 0 | 3 | 3 | |
| Interest | 5 | 9 | 8 | 10 | 5 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 3 | 2 | 32 | 3 | 1 | 0 | 0 |
| Profit before tax | 6 | 3 | 3 | -8 | -93 | -23 | 1 | 28 | 33 |
| Tax % | 7% | 34% | -21% | 23% | -1% | -8% | 0% | 0% | |
| 5 | 2 | 4 | -10 | -92 | -22 | 1 | 28 | 33 | |
| EPS in Rs | 2.07 | 0.88 | 1.66 | -3.98 | -36.63 | -8.63 | 0.04 | 1.63 | 1.89 |
| Dividend Payout % | 24% | 11% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 184% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 145% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 103% |
| 3 Years: | 264% |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 36% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 14 | 17 | 17 |
| Reserves | 26 | 27 | 28 | 18 | -74 | -94 | 0 | 105 | 123 |
| 38 | 37 | 71 | 76 | 86 | 84 | 9 | 3 | 3 | |
| 48 | 43 | 102 | 44 | 36 | 23 | 6 | 27 | 24 | |
| Total Liabilities | 137 | 133 | 227 | 163 | 73 | 38 | 30 | 152 | 167 |
| 29 | 27 | 58 | 56 | 24 | 21 | 13 | 14 | 15 | |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 26 |
| Investments | 10 | 10 | 10 | 10 | 0 | 0 | 0 | 37 | 0 |
| 98 | 94 | 158 | 96 | 49 | 17 | 17 | 101 | 126 | |
| Total Assets | 137 | 133 | 227 | 163 | 73 | 38 | 30 | 152 | 167 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -15 | 5 | 27 | 4 | -7 | 1 | -4 | -35 | |
| -0 | -2 | -25 | -1 | 1 | -0 | -0 | -38 | |
| 10 | -5 | -3 | -4 | 5 | -2 | 4 | 74 | |
| Net Cash Flow | -5 | -1 | -1 | -0 | -0 | -1 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Jun 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 209 | 116 | 372 | 144 | 907 | 10,126 | 827 | 148 |
| Inventory Days | 119 | 175 | 313 | 200 | 2 | 0 | 100 | 42 |
| Days Payable | 171 | 130 | 537 | 127 | 190 | 240 | 71 | |
| Cash Conversion Cycle | 157 | 161 | 147 | 217 | 720 | 10,126 | 687 | 120 |
| Working Capital Days | 53 | 46 | 97 | 77 | -696 | -51,382 | 75 | 151 |
| ROCE % | 14% | 2% | -101% | -89% | 34% |
Documents
Announcements
- Corporate Action- Fixed Record Date For Interim Dividend As Monday, 1St December 2025 12h
-
Announcement under Regulation 30 (LODR)-Dividend Updates
12h - 1st interim dividend Rs0.05/share (5%) on 17,21,00,000 shares; record date Dec 1; payable by Dec 26, 2025.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 27Th November 2025
12h - 1st interim dividend 5 paise (5%) on 17,21,00,000 shares; record date Dec 1, payout by Dec 26, 2025.
-
Board Meeting Intimation for Consideration And Declaration Of Interim Dividend For The Financial Year 2025-2026.
21 Nov - Board meeting on 27 Nov 2025 at 2:00 PM to consider interim dividend; trading window closed from 21 Nov.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Copies of Unaudited Financial Results (Standalone & consolidated) of the company for the quarter ended 30th September 2025 published in Business Standard (All India edition) …
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
MSL is an ISO 9001:2008 certified and
CPRI, ERDA, and NABL accredited, multi
product and service organization engaged
in manufacturing, supplying, erecting, testing, and commissioning of Power and Distribution transformers of various ratings, which include 10 KVA, 50 MVA 132 kV class, up to the range of 160 MVA 220 kV class.